What is a Fiscal Year calendar?
Quick Answer: A Fiscal Year calendar is a 12-month period used for accounting and budgeting that doesn’t have to follow the calendar year. It helps organizations track financial performance over consistent intervals, often starting on any month other than January.
A fiscal year is chosen to fit an organization's business cycle. For example, a company might start its fiscal year on April 1 and end it on March 31 the next year. This helps match income and expenses more accurately to their operating periods.
Governments, businesses, and nonprofits often use fiscal years to report taxes and financial results. It keeps their accounting clear and aligned with their specific financial rhythms instead of the standard January-to-December calendar.